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Private and Public Debt     Flow of funds  Private debt  Public debt       font style='font-size:12px;'> 2016/1/27
In the paper we provide some empirical evidence of the development of private debt to GDP ratio in the sample of 18 EU Member States. We use detailed national accounts published regularly by the OECD-...
COUNTRY DEBT PROBLEMS:THE BRAZILIAN CASE     less developed countries  COUNTRY DEBT  BRAZILIAN CASE       font style='font-size:12px;'> 2008/12/8
It is frustrating that only a year and a half after the Mexican default we are once again back to where we started. The financial markets continue to be paralyzed for the majority of less developed ...
Introduction There have been fears that the foreign debt problems of several developing countries might spark a series of bank failures and another Great Depression. These fears seem to have been a...
REGULATORY ASPECTS OF THE WORLD DEBT PROBLEM     WORLD DEBT PROBLEM  REGULATORY ASPECTS  financial regulations       font style='font-size:12px;'> 2008/12/8
“Give me a fast ship for I intend to go in harm’s way.” Some may think I borrowed that line from John Paul Jones to describe the attitudes of European, Japanese, and American bankers when they set ...
U.S. MACROECONOMIC POLICY AND THIRD WORLD DEBT     IMF  MACROECONOMIC POLICY  THIRD WORLD DEBT       font style='font-size:12px;'> 2008/12/8
Since 1981 the world financial system has faced continuing crisis due to doubts about the ability and willingness of debtor nations in Asia, Africa, Latin America, and Eastern Europe to meet the deb...
WORLD DEBT AND MONETARY ORDER:LEARNING FROM THE PAST     WORLD DEBT  MONETARY ORDER       font style='font-size:12px;'> 2008/12/8
It must not beforgotten that if there was bad borrowing. there was also bad lending. As a result of reckless competition, encouragement was sometimes given to borrowers and lenders alike without su...
THE INTERNATIONAL DEBT PROBLEM     INTERNATIONAL DEBT PROBLEM  Ad Hoc Committee  Brazil  Mexico  Argentina       font style='font-size:12px;'> 2008/12/8
Several points should be made when considering the current international debt problem. First, I discuss the role of oil shocks, the most common explanation of the problem, and argue that the oil sho...
INTERNATIONAL DEBT:CRISIS AND CHALLENGE     INTERNATIONAL DEBT  less developed countries  policy makers       font style='font-size:12px;'> 2008/12/8
I. Introduction Until the summer of 1982, the external debt problems of Eastern bloc and less developed countries (LDCs) were regarded as benign, or were ignored, by nearly all international financ...
A PROPERTY RIGHTS VIEW OF THE DEBT CRISIS     PROPERTY RIGHTS  DEBT CRISIS       font style='font-size:12px;'> 2008/12/8
As interest rates begin to edge upward and rescheduling pushes the debt burdens of Brazil, Mexico, Argentina, and other large debtor nations into the future, it is of the utmost importance to rethin...
THIRD WORLD DEBT:LEGACY OF DEVELOPMENT EXPERTS     THIRD WORLD DEBT  Crowding-Out Effect  development economics       font style='font-size:12px;'> 2008/12/4
In the future, we should try to move toward a common recognition ofaid to underdeveloped countries as a collective responsibility for the developed countries, the burden of which should be shared in...
THE BRADY PLAN AND MARKET-BASED SOLUTIONS TO DEBT CRISES     BRADY PLAN  MARKET-BASED SOLUTIONS  DEBT CRISES       font style='font-size:12px;'> 2008/11/19
At the end of the 1980s—the so-called “lost decade” in Latin America—the incoming Bush administration devised the Brady Plan, a new U.S. strategy that emphasized debt-forgiveness for highly indebte...
A SURVEY OF THE IMPACT OF BUDGET RULES ON STATE TAXATION, SPENDING, AND DEBT     SPENDING  STATE TAXATION  BUDGET RULES  DEBT       font style='font-size:12px;'> 2008/11/18
State government spending has grown dramatically out of proportion to inflation and population growth. Between 1950 and 1990, real state spending grew by more than 500 percent. Real state spending ...
ENHANCING SOVEREIGN DEBT RESTRUCTURING     SOVEREIGN DEBT RESTRUCTURING  market finance       font style='font-size:12px;'> 2008/11/10
Since the early 1980s, patterns of emerging market finance have changed significantly. Greater integration of capital markets and a trend toward a greater use of direct lending through bonds has led...
Serious gaps exist in the means available to deal with sovereign debt crises. In recent cases of sovereign default, both the debtor country and its creditors have paid large costs, in terms of lost ...
Despite all the invective hurled at international financial markets by critics of the “Washington Consensus,” the fact is that strong healthy financial markets are essential for middle-income countr...

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